Groundnut oil production business plan in nigeria uthman saheed april 12, 2020 business plan this is a complete downloadable groundnut oil business plan than an individual, corporative societies and organizations can use to secure loan or grants in setting up a firm. Ethnological studies of the major indian tribes of south america document the widespread culture of groundnut and provide indirect evidence for its domestication long before the spanish conquest. Groundnut oil is the most important product of the crop, which is used for both domestic and industrial purposes. Cooking oil is primarily a commodity that depends on economies of scale to be profitable, its mostly a go big or go home proposition. Groundnut oil production market potential groundnuts are a popular source of food throughout the world. Vegetable oil is the clear oil extract derived from components such as coconut, groundnut and palm kernel through a pressing and production process. Groundnut seed contains about 45% oil and 26% protein. Palm oil kernel oil business plan in nigeria may 2020 pdf. A business plan is a written document that describes in detail all aspects of your business. It is important that you have enough cash to maintain this sort of business.
Mustard oil is also one of the major oil seeds from which edible oil is produced. Growth and production of groundnut encyclopedia of life. Business description this business is a shea butter, kuli kuli, and groundnut peanut oil production and sales business. Although filtered oils are nutritionally superior in quality. Report includes feasibility report, profitability analysis, raw materials, break even points, formulations and formula and much more. If yes, then i would like to bring to your attention the immense profit making opportunity inherent in groundnut oil production business in nigeria.
Every home has a need for groundnut oil either for cooking stew, frying, baking or wiping surfaces. It is also widely applied to production of turkish red oil, soap, plastic, daily cosmetics, shoe polish and pharmaceutical ointment. If there is an association for groundnut oil processing companies, you may consider being a part by also registering. Today, let us discuss the groundnut oil production process, extraction methods, and business plant including groundnut oil plant machine cost in india groundnut oil is also known as peanut oil or arachis oil, is a mildtasting vegetable oil expressed from groundnut kernels. In other parts of the world they are boiled, either in the shell or unshelled. Business plans are one of the pertinent steps that any entrepreneur ought to take. Dayo adetiloye, adebayo tijani, and other investors. Groundnut is a good source of cheap protein both to animals and human beings.
Groundnut oil is available in the market in refined and filtered forms. Comparative evaluation of the kneading process using same quantity of groundnut i. Groundnuts are produced in the tropical and subtropical regions of the world, on sandy soils. Investment opportunity in edible oil manufacturing unit. To start groundnut oil production business in nigeria. Starting a groundnut oil processing company sample. Commercial groundnut farming is a profitable business. The market for groundnut oil in nigeria cannot be overemphasized, because with a population of over 120 million people uses groundnut oil to cook and for industrial processes on daily basis.
However, you must have the moderate size of land for groundnut cultivation. Groundnut oil is an important edible oil throughout the world. A complete groundnut oil mill business plan can ensure the profits and minimize the risks of starting groundnut oil mill. In india, gujarat holds the first position in producing the groundnut oil. Do you want to start a smallscale groundnut oil production business. A sample vegetable oil production business plan template. Peanut farming business plan sample template for entrepreneurs. Groundnut farming in nigeria is one of the most lucrative businesses in the country because of the demand for its highly nutritious seed and most importantly the edible oil derived from the seed. It is generally distributed in the tropical, subtropical and warm temperate zones. After publishing the post how to start a profitable groundnut oil production business in nigeria, i got several phone calls from some investors asking if i have information on groundnut oil packaging business.
Acts peanut butter is in the business of crafting premium peanut butter, the business of crafting magazineworthy gifts, and the business of feeding the hungry. A step by step guide for groundnut oil making process, business plan. Optimum soil temperature for good germination of groundnut is. The business will reach positive cash flow in its 10th month of operation, allowing for expedited repayment of its loan obligations, as well as for dividends to be paid to the owners. Groundnut oil production how to start business plan guide. Groundnut oil making process peanut, business plan. Groundnut oil is the cheapest and most extensively used vegetable oil in india. Groundnut oil production business, the nigerian government sincerely advertises for investors on production section both for foreigners and nigerians. Project report on mini oil plant suitable for groundnut. Groundnut can be processed in various ways depending on the product one wants to derive from it. Patilad groundnut oil is a startup firm involved in the processing, production, and distribution of quality and affordable groundnut oil, groundnut cake and other groundnut oil derivatives targeting consumers in the southsouth, southeast nigeria and also the international market. How to set up a small cooking oil manufacturing unit. General process of groundnut oil production from harvested groundnuts to pure edible peanut oil, groundnut oil production is really a complex process.
Edible oil industry peanut oil, also referred to as groundnut oil or arachis oil, is a vegetablederived oil made from the. This requires testing for oil and moisture content. Groundnut oil mill business is definitely profitable due to the increasing demand of groundnutpeanut oil around the world. A business establishment of palm oil mill industry feasibility study. About 75% of the world groundnut production is used in extraction of edible oil. How to start groundnut oil production in nigeria wealth. Groundnut oil ranks at the top among edible oils exported from india. Groundnut oil packaging business in nigeria feasibility. Most other edible oils are priced lower than groundnut oil. Dear friend, are you thinking of starting a production business in nigeria that will give you a high return on your investment.
In this paper, a brief description on the quality of groundnut is given and, where available, data obtained on gmundnut cultivars developed at icrisat are reported. It is important to ensure that a sufficient supply of raw materials is available for the planned level of. Many of these seeds are produced in large quantities in nigeria. It is used mainly for cooking, for margarine and vegetable ghee, salads. Coconut oil manufacturing 7 steps small business plan. Mini oil plant suitable for groundnut oil and cotton seed oil project report manufacturing process cost investment required. This is especially important so that you can be up to speed with all the trends in the groundnut oil processing industry. Groundnut oil production and marketing in kaduna state. The state shares 9% in the groundnut production of world and 25 to 30% of india. Patilad groundnut oil is a new enterprise and is about to start registration process with corporate affairs commission of nigeria. Castor oil is one of the main materials for manufacturing lubricating oils and biofuel, with its emissions of gases complying with international environmental standards. The production practices vary from highly sophisticated commercial ventures in. Groundnut oil is relatively more stable than dower and sunflower oil, which have higher content of polyunsaturated fatty acids and conquently gmundnut oil has a longer shelf life. Once you have decided on your product for the small oil mill plant, say groundnut oil, you have to prepare a perfect business plan as to the amount of capital you would invest as well as the amount of finance you would require for the purchase of machinery, raw materials and so on.
The production line groundnut oil making consist of. Pdf an overview of groundnut oil extraction technologies. Start a profitable groundnut oil production business in. Setting up and running a smallscale cooking oil business.
This article includes a sample groundnut oil processing project profile with machine details, production process, cost, and profit. Most importantly, a business plan gives an opportunity to try out your business idea on paper rather than in reality. Groundnut oil production is a financially profitable venture with huge export potential in addition, you can initiate the groundnut oil processing operation as small and medium scale basis according to the desired output and project cost 247 online surface grinder first project. Additionally, the crop ensures satisfactory revenue to the growers. How to start groundnut oil business in nigeria businesshab. How to start your own groundnut,peanut oil production. Groundnut oil is used for most food in nigeria even roadside small chops. Castor oil manufacturing plantoil extraction and refinery. Today, farmers consider groundnut as a highinput highrisk crop because of the large seed requirement, the scarcity of good quality inputs and appropriate production technologies. The product is processed near adisas, the owner and operator, home in the village of nalogba. Scribd is the worlds largest social reading and publishing site. Preparing a business plan will help you to think carefully and find out if there are any weaknesses in your business idea.
The meal is an important component of feeds for poultry and cattle. Business plan for groundnut oil production pdf archives. The oil obtained from the kernel is yellow to greenish yellow in color. The following article details about groundnut farming or how to grow peanuts. The countrys overall groundnut oil production depends on the raw groundnut production. Below is a sample cooking groundnut oil business plan.
Palm oil kernel oil production processing mill business plan in nigeria feasibility studies pdf. Groundnut oil production is usually done when oil is removed from the groundnut seed. The manufacturing process can either be done on a small or medium scale depending on the cost of the project and desired output. Its the best peanut butter youve ever tasted, the gift you want to receive, and the change you wish to see in the world. This is on the grounds that groundnut oil processing business is an extremely lucrative business. Edible vegetable oil is oil produced from any of the edible oil bearing seeds that exist in nature. Setting up and running a smallscale cooking oil business 10 finally, we gratefully acknowledge the following companies, organisations and publications for giving permission to use the following information. A business plan sample of a bottled groundnut pdf, docx, ppt, lan boll groundnut is made up of allow capital venture aimed at creating income to we the producers, the distributors and as well as satisfying the urge of hunger. A sample groundnut oil production business plan template. Groundnut is perfectly grown in welldrained sandy loam or sandy clay loam soil. Its still not good enough to see that production in agricultural section is not doing well and must be emphasized that there is enough space for anyone that wants to get involved in this agricultural production. Groundnut oil production business plan in nigeria feasibility study. Billions of gallons of vegetable oil are produced by farmers every year all over the globe. This palm oil mill business plan is regularly updated and can also be used for bank loans, grants, proposal for competitions etc.
The shea butter production process involves cracking, roasting, milling, separating oil. Groundnut production in nigeria has suffered major setbacks from the. 2 from sadiat babalola, national horticultural research institute, ibadan. Revenue will top n42,422,250 and profit will reach about n5,989,526 in the 1 st year of operation. Palm oil tester the fast, simple and reliable palm oil analysis system buy now. This write up will focus on the processing of groundnut into oil and cake. Groundnut oil is a very essential product in nigeria. A farmers guide to profitable groundnut production in nigeria.
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